DSP Group Announces the Appointment of Eli Ayalon to Chairman of the Board
SANTA CLARA, CALIFORNIA, January 24, 2000 - DSP Group, Inc. (NASDAQ:DSPG) today announced that its Board of Directors has elected Eli Ayalon, President and CEO of the Company, as Chairman of the Board.
DSP Group's board resolution states that "the exceptional performance of Mr. Ayalon as Chief Executive Officer since he joined the Company in May 1996, his leadership, professional skills and experience, make him the natural leader of our Board of Directors".
Mr. Ayalon succeeds Mr. Igal Kohavi, who has resigned from the Board to pursue other interests. "Igal and I have worked together for the last four years. His wisdom and experience have played an important role in our historic growth", Mr. Ayalon stated. "I understand his interest in seeking different challenges and wish him well in his new endeavors".
DSP Group, Inc. is a leader in the development and marketing of high-performance, cost-effective digital signal processing cores used in a wide range of applications for industries such as wireless communications, telephony and personal computing. By combining its DSP core technology with its advanced speech processing algorithms, DSP Group also delivers a wide range of enabling application-specific ICs, such as ICs for fully featured Integrated Digital Telephony, for 900 MHz Spread Spectrum wireless telephony products and for IP telephony applications
Additional information is available on the World Wide Web at www.dspg.com. This press release is also available through the company's News on Call fax service, which can be reached at (800) 758-5804, company code 112025.
For more information, please contact Michael Cohen, DSP Group at Santa Clara, CA. (408) 986-4300.
DSP Group, Inc.